Monthly Rent Report
ZIP 90016 Rent Report — April 2024
Asking rents in ZIP 90016, New York City, from 1,212 listings.
Median 1BR rent in ZIP 90016 was $1,798 in April 2024, down 46.1% (−$1,539) from March 2024 and down 18.5% year-over-year. The middle half of 1BR listings asked between $1,796 and $1,799. That puts ZIP 90016 $703 below the New York City citywide 1BR median of $2,500. The month's figures are based on 1,212 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$599 (-28.5%) | −$1,400 (-48.3%) | $1,500 – $1,500 | 1 |
| Studio | $1,999 | −$100 (-4.8%) | −$901 (-31.1%) | $1,600 – $2,266 | 87 |
| 1BR | $1,798 | −$1,539 (-46.1%) | −$408 (-18.5%) | $1,796 – $1,799 | 2 |
| 1BR | $2,964 | −$373 (-11.2%) | +$758 (+34.4%) | $2,295 – $3,566 | 340 |
| 1BR | $1,760 | −$1,577 (-47.3%) | −$446 (-20.2%) | $1,150 – $1,825 | 127 |
| 2BR | $2,780 | −$1,664 (-37.5%) | −$720 (-20.6%) | $2,780 – $2,780 | 1 |
| 2BR | $3,800 | −$644 (-14.5%) | +$300 (+8.6%) | $2,895 – $4,856 | 341 |
| 3BR | $4,350 | −$650 (-13.0%) | +$905 (+26.3%) | $3,540 – $5,000 | 143 |
| 3BR | $3,950 | −$1,050 (-21.0%) | +$505 (+14.7%) | $3,950 – $3,950 | 1 |
| 4BR | $4,195 | −$285 (-6.4%) | +$845 (+25.2%) | $4,195 – $4,195 | 1 |
| 4BR | $4,395 | −$85 (-1.9%) | +$1,045 (+31.2%) | $4,200 – $4,923 | 71 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
ZIP 90016 vs. New York City — April 2024
| Bedrooms | ZIP 90016 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $2,491 | −$991 (-39.8%) |
| Studio | $1,999 | $2,491 | −$492 (-19.7%) |
| 1BR | $1,798 | $2,500 | −$702 (-28.1%) |
| 1BR | $2,964 | $2,500 | +$464 (+18.6%) |
| 1BR | $1,760 | $2,500 | −$740 (-29.6%) |
| 2BR | $2,780 | $2,995 | −$215 (-7.2%) |
| 2BR | $3,800 | $2,995 | +$805 (+26.9%) |
| 3BR | $4,350 | $3,500 | +$850 (+24.3%) |
| 3BR | $3,950 | $3,500 | +$450 (+12.9%) |
| 4BR | $4,195 | $4,270 | −$75 (-1.8%) |
| 4BR | $4,395 | $4,270 | +$125 (+2.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.